Marine Petroleum Trust (NASDAQ:MARPS) Short Interest Update

Marine Petroleum Trust (NASDAQ:MARPS) was the recipient of a large growth in short interest in August. As of August 15th, there was short interest totaling 16,700 shares, agrowthof56.1% from the July 31st total of 10,700 shares. Currently,1.0% of the shares of the stock are short sold. Based on an average daily volume of 83,900 shares, the short-interest ratio is currently 0.2 days. Based on an average daily volume of 83,900 shares, the short-interest ratio is currently 0.2 days. Currently,1.0% of the shares of the stock are short sold.

Analyst Ratings Changes

Separately, Wall Street Zen initiated coverage on shares of Marine Petroleum Trust in a research report on Friday, May 16th. They set a “hold” rating for the company.

Marine Petroleum Trust Stock Performance

Shares of NASDAQ:MARPS opened at $4.56 on Tuesday. Marine Petroleum Trust has a 52-week low of $3.34 and a 52-week high of $7.90. The firm has a fifty day moving average of $4.60 and a 200 day moving average of $4.24. The firm has a market capitalization of $9.12 million, a PE ratio of 12.32 and a beta of -0.01.

Marine Petroleum Trust Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 29th. Investors of record on Friday, August 29th will be given a $0.0681 dividend. The ex-dividend date is Friday, August 29th. This represents a $0.27 annualized dividend and a yield of 6.0%. Marine Petroleum Trust’s payout ratio is 72.97%.

Marine Petroleum Trust Company Profile

Marine Petroleum Trust, together with its subsidiary, Marine Petroleum Corporation, operates as a royalty trust in the United States. It has overriding royalty interest in oil and natural gas leases in the Central and Western areas of the Gulf of Mexico off the coasts of Louisiana and Texas. Marine Petroleum Trust was founded in 1956 and is based in Dallas, Texas.